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Jan 14, 2013
01/13
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if so, we will get some pressure across the region. so to some extent, the pressure is off the policy planners here from having to do anything because it is a case of the u.s. dollar strength than each other trying to weaken each other's currency. >> all right. let's get a final thought from you in just a few moments time. >> swatch is set to bare harry hen winston for $750 million. at least the luxury jewelry arm. the world's biggest watchmaker will spend up to $250 million for the brand. swatch says the acquisition compliments its prestige portfolio brilliantly. the deal does not include harry winston's mining companies. i was surprises harry winston is a canadian company. we saw last night all the stars decked out in harry winston. i don't know. i was surprised that it was not american. it's not like i'm going to turn around and buy some harry winston jewels, but -- >> maybe someone will buy it for pup. >> i'm not holding its breath. >>> and european plans are talking about blocking the sale of such companies. tnt says there's no re
if so, we will get some pressure across the region. so to some extent, the pressure is off the policy planners here from having to do anything because it is a case of the u.s. dollar strength than each other trying to weaken each other's currency. >> all right. let's get a final thought from you in just a few moments time. >> swatch is set to bare harry hen winston for $750 million. at least the luxury jewelry arm. the world's biggest watchmaker will spend up to $250 million for the...
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Jan 21, 2013
01/13
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we've been following the regional election outcomes. now the leader of angela merkel's coalition partner has offered to step aside, this according to a meeting from the fdp and reuters there. we'll bring you more as we get it. we'll continue to follow ramifications as we look at the german election these fall. >>> let's give a quick look at what's on the table for japan in asia. transportation wsh i should say. some key real estate trust residue to release, as well, including maple tree industrial. straight ahead on the show, it is cold outside. we'll take a look at how freezing conditions could impact your travel plans and maybe your investments, too. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to the show. ikea will have
we've been following the regional election outcomes. now the leader of angela merkel's coalition partner has offered to step aside, this according to a meeting from the fdp and reuters there. we'll bring you more as we get it. we'll continue to follow ramifications as we look at the german election these fall. >>> let's give a quick look at what's on the table for japan in asia. transportation wsh i should say. some key real estate trust residue to release, as well, including maple...
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Jan 18, 2013
01/13
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shrewdly across the region, you know, the borders between mali, niger, and algeria itself. so they've always managed to remain somehow active and they've been involved in activity during this year, actually to sustain kind of actually their operations. so they remain somehow in the background, but still from a terrorist point of view in terms of active attacks on -- you know, against algeria and relevant in the sense. and they try now for the ability across the region to possibly strike back against the algerian government. >> valentina soria, we'll come back to you to for these events hopefully. thank you. >>> carolin is joining us now from zurich on the latest on the glencore xstrata merger. >> glencore and southcom said a couple minutes ago that they have reached an agreement. it says eskom has now withdrawn its objections to the glencore/xstrata merger meeting. glencore and eskom have agreed on a framework that would guide future coal agreements. this comes on the heels of this morning's announcement by glencore and xstrata that they have once again moved the deadline f
shrewdly across the region, you know, the borders between mali, niger, and algeria itself. so they've always managed to remain somehow active and they've been involved in activity during this year, actually to sustain kind of actually their operations. so they remain somehow in the background, but still from a terrorist point of view in terms of active attacks on -- you know, against algeria and relevant in the sense. and they try now for the ability across the region to possibly strike back...
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Jan 4, 2013
01/13
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from a regional perspective, we still don't favor japan as much as the other region. even u.s. looks better than japan and similarly, asia a lot better than japan. at this time, we feel that the group for asia is so much stronger than japan. also, at the same time, i think there is also the dollar/yen dynamic to consider, as well. so anytime you have the yen rising again and strengthening again, that will put a crimp on japan's exports. that's something to watch out for. so i think this time we're not so in favor of japan and like asia. >> okay. thanks so much indeed for joining us, general manager at fund supermart.com. people are much more relaxed about where chinese economies go this year compared to parts of last year. what are the indications for resource stocks? >> well, what we always have, a sort of turning point, is people ex transport late to the extremes. when people were thinking that china was slowing down, there was a lot of negative pressure going on saying, this means that demand is going to rel ofly collapse. the reverse is now happening. you can see with dolla
from a regional perspective, we still don't favor japan as much as the other region. even u.s. looks better than japan and similarly, asia a lot better than japan. at this time, we feel that the group for asia is so much stronger than japan. also, at the same time, i think there is also the dollar/yen dynamic to consider, as well. so anytime you have the yen rising again and strengthening again, that will put a crimp on japan's exports. that's something to watch out for. so i think this time...
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Jan 16, 2013
01/13
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major regional bank which will be a gauge of citigroup and bank of america which will follow tomorrow. >>> still to come on the show, we'll talk about banks. also mobile devices, cloud computing, attracting and retaining new customers. what are the priorities for the top corporate i.t. executives? >>> we'll take a look at futures as we head to break. looks like we're pointed down yet again. we'll be right back. >>> welcome back to "worldwide exchange." i'm kelly evans. >> i'm ross westgate. let's recap the headlines today that we have from around the world. >>> two japanese airlines ground their 787s after a dreamliner makes an emergency landing. transport officials worldwide step up their scrutiny of boeing as safety troubles escalate. >>> helicopter crashes into a crane in central london. british police say there have been two fatalities. >>> it's a big day for bank earnings in the u.s. top reports from jpmorgan and goldman sachs before the opening bell. >>> a familiar pattern here for us in the last couple of trading sessions has been to see u.s. futures pointed lower only to enter
major regional bank which will be a gauge of citigroup and bank of america which will follow tomorrow. >>> still to come on the show, we'll talk about banks. also mobile devices, cloud computing, attracting and retaining new customers. what are the priorities for the top corporate i.t. executives? >>> we'll take a look at futures as we head to break. looks like we're pointed down yet again. we'll be right back. >>> welcome back to "worldwide exchange." i'm...
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Jan 29, 2013
01/13
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most of the individuals have fled out into the desert and mountain regions. >>> as china sets its sights on resource rich markets of africa, is it creating a new form of imperialism? we'll discuss that when we come back. >>> it's lights out for phillip's audio and video business. it posted a $350 million loss in the fourth quarter. >>> india's central bank gives the government what it wants cutting interest rates by 25 basis points. >>> and the fed kicks off a two-day meeting. >>> want to pass on cdc? shares moving higher on the bank's trading loss scandal. india's economic minister grilli will take center stage. >> right. we're an hour and a half into trading day in europe and no direction. completely directionless trade, as you can see. there we go. flat. >> maybe you can help him out on audio a little bit. >> if you're listening, they're flat. >> there are not a lot of consistent themes here. we can look at the bond space maybe for a little mover direction. the answer there is mixed. there's a little bit of a bid towards spain and periphery and out of the so-called core. we're showing
most of the individuals have fled out into the desert and mountain regions. >>> as china sets its sights on resource rich markets of africa, is it creating a new form of imperialism? we'll discuss that when we come back. >>> it's lights out for phillip's audio and video business. it posted a $350 million loss in the fourth quarter. >>> india's central bank gives the government what it wants cutting interest rates by 25 basis points. >>> and the fed kicks off...
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Jan 30, 2013
01/13
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one of the most indebted regions asking madrid for more than nine million euros. >>> roche strides lower after posting solid earnings on strong sales of its cancer medicine. analysts warn about the loss of exclusive rights to a key chemotherapy drug. >>> game over for super mario and friend to turn a profit. nintendo unexpectedly swings to its full-year forecast to a loss showing a poor uptake for its wii u consoles. >>> see you in september. australia's prime minister sets a surprise election date saying it will create certainty for business. >>> okay. welcome to today's program. and you know, we spent all that time waiting for five. today it's about the ten. >> how long did it take you to come up with that? >> about ten seconds ago. >> very good. we're talking about mobile phones. >> yeah. >> do you think people can guess we're talking about the iphone 5. you're waiting for 5. >> you'll about the 10, ladies and gentlemen, blackberry 10. is it the rim lazarus move? >> we saw stocks get whacked yesterday. >>> in corporate news, a couple of things to keep an eye on in markets. the italian
one of the most indebted regions asking madrid for more than nine million euros. >>> roche strides lower after posting solid earnings on strong sales of its cancer medicine. analysts warn about the loss of exclusive rights to a key chemotherapy drug. >>> game over for super mario and friend to turn a profit. nintendo unexpectedly swings to its full-year forecast to a loss showing a poor uptake for its wii u consoles. >>> see you in september. australia's prime...
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Jan 23, 2013
01/13
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we've got to be competitive in the region. and that obviously fields, you know, a series of things coming to play there. cost of labor as well as the strong australian dollar interest rates. for us it's about productivity and improving effiencies. >> good to talk to you. >> you, as well. >> good to see you. >> good to see you. >> thank you. and coming up, fu jun of peking university. and we'll have other guest views on china and the region. more to come. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to this truly "worldwide exchange" show this morning. i'm in london. ross is out in davos. chinese factories expected to churn out 10% more next year lower than the 14% gain in 2011. china's industrial company picked up
we've got to be competitive in the region. and that obviously fields, you know, a series of things coming to play there. cost of labor as well as the strong australian dollar interest rates. for us it's about productivity and improving effiencies. >> good to talk to you. >> you, as well. >> good to see you. >> good to see you. >> thank you. and coming up, fu jun of peking university. and we'll have other guest views on china and the region. more to come. what are...
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Jan 8, 2013
01/13
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airport wars, regional airport wars are under way. ozzy osbourne international. >> they should just go a long way. >> i like it. would the code be ooi? >> it doesn't mean that you would be more inclined to fly to berlin. what do you think the airport's would be, young like that? >> terrible. >> you're not going to bat that one back? >> no. >>> stephane pedrazzi is following the latest for us out of france. >> they're all trying to find a solution to help peugeot regain market shares, but would a full merger be the right answer? not really sure. it needs some support for its international expansion. it doesn't need to buy another carmaker in europe where the company is facing already tough competition and where it has already some capital. perhaps it's not the right answer. second problem and probably the main one where peugeot could find the money to buy opel even if the fresh carmaker would sell, it could raise around $1 billion euros and the third question mark after this report, will opel be the right answer for a difficult situati
airport wars, regional airport wars are under way. ozzy osbourne international. >> they should just go a long way. >> i like it. would the code be ooi? >> it doesn't mean that you would be more inclined to fly to berlin. what do you think the airport's would be, young like that? >> terrible. >> you're not going to bat that one back? >> no. >>> stephane pedrazzi is following the latest for us out of france. >> they're all trying to find a...
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Jan 11, 2013
01/13
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this is going to come down to local and regional politics. we have three bellwether states or reasons to watch in italy. they are all in the richer north. sis lynn and the campangna in the south. these are going to be very south. one of the big questions i have in trying to think about what italians will do is if they'll follow the trend in the other peripheral countries. it's too risky to experiment with political alternatives. >> we've seen yields come down primarily as a response to mario draghi in the program which hasn't done anything. it's just sitting there in case people need it. how much of it is down to that and how much is down to any meaningful reforms that monti has carried out? >> any reforms that mon at this was able to carry out is some years back and his agenda is clearly unfinished. in fact, you can say that the moment has passed. we've seen that the market is underpricing political risk because with so many parties competing with the elections called at such short notice, there's a strong likelihood of either a multi party
this is going to come down to local and regional politics. we have three bellwether states or reasons to watch in italy. they are all in the richer north. sis lynn and the campangna in the south. these are going to be very south. one of the big questions i have in trying to think about what italians will do is if they'll follow the trend in the other peripheral countries. it's too risky to experiment with political alternatives. >> we've seen yields come down primarily as a response to...
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Jan 25, 2013
01/13
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some regions are quite safe. but it's clearly left a mark on the perception about mexico in the world and it's something -- the president is absolutely committed to continue fighting organized crime and to do it in a comprehensive way. it's not more guns or more police forces. we do more than that. the financial aspects of the fight against organized crime is very important. that's why we're pushing on money laundering as a strategic target of what we're doing. and moeflly by doing this, by fighting crime in a comprehensive way, they have economic growth and we can make a turn on what's been an impression of violence in mexico. >> and in terms of the stability in that regard, what is the timing on this? you're speaking to an investor audience. what would you want investors to understand in terms of your vision and how this evolved? >> for the first time around, we have a broad political agreement in mexico pt on the second day of his administration, the president signed an agreement with the leadership of the opp
some regions are quite safe. but it's clearly left a mark on the perception about mexico in the world and it's something -- the president is absolutely committed to continue fighting organized crime and to do it in a comprehensive way. it's not more guns or more police forces. we do more than that. the financial aspects of the fight against organized crime is very important. that's why we're pushing on money laundering as a strategic target of what we're doing. and moeflly by doing this, by...
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Jan 7, 2013
01/13
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in those markets that are the most developed in the region, is it gin, vodka? what are the types of spirits that are going to get most of the markets? >> okay. so in india, you have a lot. indian local spirits, so they have a lot in whiskey. this price relatively cheaply. so with the high alcohol content, it sours easily. china, they also have their own local chinese spirits. this is usually priced with the spirits such as your kospi. so one thing that you can do in growth of spirits, there is a lot of brands sent to attract a very high tariff. so it is very high. so it's cooked consumption of spirits in india or china. >> yeah. okay. so the vodka is going to do well. so what does that mean for -- you know, if you've got these cheaper spirits, how hard is it for the premium western brands to crack the market? >> i would say at the moment, it would be difficult to crack. but actually, if we are looking in the longer term, all these cheap, local spirits will help pave the way for the processed spirits. all these cheap local spirits are paving the way. they are cr
in those markets that are the most developed in the region, is it gin, vodka? what are the types of spirits that are going to get most of the markets? >> okay. so in india, you have a lot. indian local spirits, so they have a lot in whiskey. this price relatively cheaply. so with the high alcohol content, it sours easily. china, they also have their own local chinese spirits. this is usually priced with the spirits such as your kospi. so one thing that you can do in growth of spirits,...
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Jan 17, 2013
01/13
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the company saying its deterioration in the aluminum market in 2012 in certain regions, higher energy costs and raw material costs resulting in a negative impact on the current market values of the aluminum business. but in terms of what the chairman had to say in an announcement today that the $3 billion write-down of those coal assets in mozambique is what he calls unacceptable, tom albanese will be standing down effective immediately. he'll be replaced by the current ceo of rio tinto's iron ore operation. those are the iron ore assets in the northwest part of australia. as i mentioned, just the final straw when it comes to write-downs concerning mr. albanese. it was a $38 purchase of alcan at the top of the cycle back in 20307 that scored numerous write-downs including one last year for $8.9 billion. ross, back over to you. >> much thanks for that. >> matt, if you could, i want to get into this point about the alcan acquisition for a second. it was early this time last year that they wrote down the value of that deal from 2007 by half. where in the history of overpaying for deals -
the company saying its deterioration in the aluminum market in 2012 in certain regions, higher energy costs and raw material costs resulting in a negative impact on the current market values of the aluminum business. but in terms of what the chairman had to say in an announcement today that the $3 billion write-down of those coal assets in mozambique is what he calls unacceptable, tom albanese will be standing down effective immediately. he'll be replaced by the current ceo of rio tinto's iron...
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Jan 9, 2013
01/13
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stocks lead the way higher as report suggest europe's biggest teleco groups are in talks to create a pan regional network. >>> analysting warn about slowing growth. the cfo told cnbc he's confident. >> we've got a great track record, frankly, over the last five years of delivering, you know, over 100 million pounds cost savings year on year. we intend to do that going forward. >>> and a report says the bank of japan will likely cave to heavy pressure and double its inflation target to 2%. >>> all right. you've got to make the most of us today. >> last day today. >> only two days -- >> until next week? >> until next week. a lot of good things coming up. particularly, we talked about the dollar, when it comes into play. there's a tweet conversation going yesterday, they are coming on air. >> i like that, education the conversation from twitter -- >> we've -- >> on air. >> exactly. that's what we're doing. >> it's interesting. we have seen the dollar rallying. the question is will it last, tell become a theme for 2013. >> exactly. >> a couple of other things we'll explore. the latest news in tech fr
stocks lead the way higher as report suggest europe's biggest teleco groups are in talks to create a pan regional network. >>> analysting warn about slowing growth. the cfo told cnbc he's confident. >> we've got a great track record, frankly, over the last five years of delivering, you know, over 100 million pounds cost savings year on year. we intend to do that going forward. >>> and a report says the bank of japan will likely cave to heavy pressure and double its...
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Jan 3, 2013
01/13
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. >> regional is the improvement. >> yeah. london and the southeast still continue to lead the way. the west midlands was the underperformer in the business britain survey. but understandably, london is the heart of the services activity, the financial services, and confidence at the moment is coming from london and the southeast. over time, cyclical manufacturing conditions improvement, as well. we would expect that confidence to start spreading more diversely acourt reporter the uk as a whole. >> and one of the standouts, we've had a disconnect between different bits of data. what surprised many is how well employment has stood up in the uk. what are firms saying about their current hiring or staffing levels? >> stable. the net balance on employment conditions on the business in britain survey is pretty much unchanged from where it was six months ago. i guess it isn't that surprising. we've seen a fall in activity in the uk over the last year or so. and companies effectively have taken on quite a lot of labor. i think they're now pausing a little bit looking at what's happening wi
. >> regional is the improvement. >> yeah. london and the southeast still continue to lead the way. the west midlands was the underperformer in the business britain survey. but understandably, london is the heart of the services activity, the financial services, and confidence at the moment is coming from london and the southeast. over time, cyclical manufacturing conditions improvement, as well. we would expect that confidence to start spreading more diversely acourt reporter the...
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Jan 28, 2013
01/13
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. >> if it got to be a construction-led play, how important is that for its regional market? >> yeah, it's going to -- i mean, there's definitely a lot of pent up demand in the world in construction equipment and especially in the more development countries. and so i think that's, you know, caps the global leader in most categories. so i think it's going to be important. but if it's only 30% of the company, you know, i wonder how they're going to be able to really show strong earnings growth over the next three years. >> just briefly, we heard michael gurka ask whether the dollar is helping or hurting them for the next quarter. what's your sense? >> the quarter doesn't matter. what's going to matter is going to be their guidance for 2013. so i think they're going to throw in the kitchen sink to try to cover up this china write-down. so, you know, there was a lot of slowness in the fourth quarter, a lot of companies taking extended downtime trying to get their inventories back in line. and i think what's going to real drive the stock will be their 2013 guidance and the inflexi
. >> if it got to be a construction-led play, how important is that for its regional market? >> yeah, it's going to -- i mean, there's definitely a lot of pent up demand in the world in construction equipment and especially in the more development countries. and so i think that's, you know, caps the global leader in most categories. so i think it's going to be important. but if it's only 30% of the company, you know, i wonder how they're going to be able to really show strong...
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Jan 2, 2013
01/13
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doesn't slide below a figure which nobody knows exactly what it is, but experts believe it's in the region of $90 a barrel for brent. some people may give you ay dif. it's critical because the budgets for countries are based on significantly higher oil prices than was the case a few years ago because their domestic spending has increased sharply, partly as reaction to the arab spring. but also because of rising population. the key would be if the economy -- the economy doesn't perform well in the first part of 2013 and prices start to slide for both brent and witi is the backstop is the opec producers. they need the money. >> i have a question to quote a band from the '80s. they had a line, what if all the little wars start holding hands. in the middle east, what is the political premium in the current oil prices coming in from iran, what's going on in syria, i know it's difficult to judge -- >> i think there's very little now because the syrian problem has been going on for well over a year. it's impact on the real world of oil supply and demand is almost nil. the -- the israeli round sit
doesn't slide below a figure which nobody knows exactly what it is, but experts believe it's in the region of $90 a barrel for brent. some people may give you ay dif. it's critical because the budgets for countries are based on significantly higher oil prices than was the case a few years ago because their domestic spending has increased sharply, partly as reaction to the arab spring. but also because of rising population. the key would be if the economy -- the economy doesn't perform well in...
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Jan 31, 2013
01/13
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gdp were somewhat offset and promising regional data. the nikkei finished in the green to post its best january in about 15 years. latest december factory output and january manufacturing pmi suggested the world's third largest economy may be recovering. s sumim sumimoto mitsui ended with net profits for december. nintendo took a hit over 5% after slashing its full year forecast and falling reports of game consoles. agriculture stocks rallied as property developers tumbled on talks beijing may introduce a property tax program for the city as early as the first half of this year. in hong kong, the hang seng lost .4%. the noble shares split 5.25% despite a record quarter in top and bottom line. that stock had gained 50% since last august to a multi year high. we are seeing some profit taking here. the kospi pulled back a modest 0.1% after gaining for two days. australia's asx 200 snapped a ten-day winning streak with miners losing. india's sensex now trading lower by 0.6%. back to you. >> sixuan, thanks for that. >>> now a couple of web st
gdp were somewhat offset and promising regional data. the nikkei finished in the green to post its best january in about 15 years. latest december factory output and january manufacturing pmi suggested the world's third largest economy may be recovering. s sumim sumimoto mitsui ended with net profits for december. nintendo took a hit over 5% after slashing its full year forecast and falling reports of game consoles. agriculture stocks rallied as property developers tumbled on talks beijing may...